The benchmark iron ore price fell 5% overnight to US$120.85 a tonne. FMG, BHP, RIO and a lot of others all down today. FMG report due tomorrow. Consensus estimates (see COMMSEC) indicate a fully franked dividend of AUD$0.91 will be announced. FMG is in a short term down trend since the ATH on the 2nd Feb 2024. Unless there are some pleasant earnings surprises in the report, I suspect we've seen the top for a few months at least. Incidentally the ASX200 is down and Woolworths is down nearly 9% so the gloom is certainly not restricted to the miners.
FMG Technical Analysis, page-10808
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Last
$22.62 |
Change
0.700(3.19%) |
Mkt cap ! $69.64B | |||
| Open | High | Low | Value | Volume |
| $22.38 | $22.75 | $22.26 | $131.3M | 5.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120 | $22.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.63 | 6416 | 3 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |